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Calendar Year

1992 in US Banking

2,326 bank events are on record for 1992: 179 failures, 1,066 mergers or acquisitions involving a bank, credit union or bank holding company, and 1,079 enforcement actions.

179
Failures
$89.55B in failed assets
1,066
Mergers
Federal Reserve NIC, banking organizations
1,079
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
2
Assistance
FDIC open-bank assistance

Jump to: Bank failures 1992 · Bank mergers 1992

How many banks failed in 1992?

179 banks failed in 1992, with $89.55B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Oct 2, 1992 The Howard Savings Bank Newark, NJ $3.46B First Fidelity Bank Na N
Oct 2, 1992 First Constitution Bank New Haven, CT $1.57B First Federal Bank a FSB
Oct 2, 1992 Eastwest Bank, N.A. Kihei, HI $3.8M First Hawaiian Bank
Sep 25, 1992 Hometown Bank Edison, NJ $25.2M Somerset Trust Co
Sep 25, 1992 Highlands Community Bank, N.A. Clinton Township, NJ $19.7M Somerset Trust Co
Sep 24, 1992 First Exchange Bank of Little Rock Little Rock, AR $24.7M First Commercial Bank N.A.
Sep 18, 1992 Plymouth Five Cents Savings Bank Plymouth, MA $221.0M Citizens Bank of MA
Sep 18, 1992 The Washington Bank Fairfax County, VA $28.1M George Mason Bank
Sep 10, 1992 The First National Bank of Yorktown Yorktown, TX $34.4M Citizens Bank
Aug 28, 1992 The Union Savings Bank Patchogue, NY $491.1M Home Federal Savings Ban
Aug 28, 1992 Seacoast Savings Bank Dover, NH $84.8M First S&LA of New Hampsh
Aug 28, 1992 Potomac FSB Silver Spring, MD $72.3M Maryland FS&LA
Aug 21, 1992 Attleboro Pawtucket SB Pawtucket, MA $632.5M New Bedford Inst for SVG
Aug 21, 1992 Birmingham FSB Birmingham, AL $91.8M First Commercial Bank
Aug 14, 1992 Winchendon Savings Bank Winchendon, MA $65.2M Athol Savings Bank
Aug 7, 1992 Citadel FS & La Charleston, SC $39.0M Carolina First Bank
Aug 7, 1992 Foxworth Bank Foxworth, MS $36.5M Trustmark National Bank
Jul 31, 1992 Massachusetts Bank & Trust Co. Brockton, MA $61.8M Haymarket Coop Bank
Jul 24, 1992 First Russell County Phenix City, AL $87.0M Branch sale
Jul 23, 1992 First National Bank of Texas Webster, TX $92.1M First Prosperity Bank
Jul 17, 1992 New England FSA Wellesley, MA $137.3M Cambridgeport Bank
Jul 17, 1992 Liberty FSB Warrenton, VA $92.0M Jefferson NB
Jul 17, 1992 State Bank of Springfield Springfield, MN $30.3M Southwest State Bank
Jul 10, 1992 Transohio, FSB Cleveland, OH $3.37B Branch sale
Jul 10, 1992 Home FSB Norfolk, VA $224.2M Home SB, FSB
Jul 10, 1992 Southern FSA of Georgia Atlanta, GA $160.0M Branch sale
Jul 6, 1992 Homefed Bank, F.A. San Diego, CA $12.18B Branch sale
Jun 26, 1992 Jacksonville FSA Jacksonville, FL $150.9M First Union NB of FL
Jun 26, 1992 Olympic International Bank & Trust Boston, MA $140.3M Haymarket Coop Bank
Jun 26, 1992 The Somersworth Bank Somersworth, NH $114.1M New Dartmouth Bank
Jun 26, 1992 Vernon Bank Vernon, CT $34.3M Bank of South Windsor
Jun 25, 1992 American National Bank - Post Oak Houston, TX $24.7M First Prosperity Bank
Jun 25, 1992 Castle Hills National Bank San Antonio, TX $13.8M International BK of Com
Jun 19, 1992 Coastal FSB New London, CT $238.2M Branch sale
Jun 19, 1992 First Home FSA Pittsburgh, PA $131.7M First Home FSB, FSB
Jun 19, 1992 First Newport FSB Newport Beach, CA $35.0M Sterling B&T, FSB
Jun 12, 1992 American Savings Bank White Plains, NY $3.20B First Fidelity Bank Na N
Jun 12, 1992 Columbia Banking Fed. Rochester, NY $1.28B Branch sale
Jun 12, 1992 Riverhead Savings Bank Riverhead, NY $388.8M Bank of New York
Jun 12, 1992 San Clemente FSB San Clemente, CA $220.4M Household Bank, FSB
Jun 12, 1992 Cherokee Valley FSA Cleveland, TN $142.5M Branch sale
Jun 12, 1992 Landmark Bank for Savings Whitman, MA $62.1M Abington Savings Bank
Jun 12, 1992 American Interstate Bank Newport Beach, CA $42.0M Marine National Bank
Jun 5, 1992 First American FSB Greensboro, NC $804.3M Centura Bank
Jun 5, 1992 Republic FSB Matteson, IL $290.3M Regency SB, FSB
Jun 5, 1992 Cooper River, FSA North Charleston, SC $228.9M First Citizens B&TC of SC
Jun 5, 1992 Volunteer FSA Little Ferry, NJ $51.2M Interchange State Bank
Jun 4, 1992 Home Unity Federal Lafayette Hill, PA $684.8M Branch sale
Jun 4, 1992 Mayfair Bank Chicago, IL $32.2M Foster Bank
Jun 4, 1992 The Home State Bank Longton, KS $4.2M —

Which banks merged in 1992?

1,066 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1992.

See the fuller list: Bank mergers 1992 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 1, 1992 NBD Arlington Heights Bank IL NBD Bank
Dec 1, 1992 Affiliated Banc Group, Inc. IL Comerica Incorporated
Dec 1, 1992 NBD Northfield Bank IL NBD Bank
Dec 1, 1992 First Interstate Bank of Colstrip MT First Interstate Bank
Dec 1, 1992 NBD Bank Mount Prospect, National Association IL NBD Bank
Dec 1, 1992 Team Bank TX Bank One, Texas, National Association
Dec 1, 1992 Home Owners Savings Bank Federal Savings Bank MN First Bank, Federal Savings Bank
Dec 1, 1992 NBD Glenbrook Bank IL NBD Bank
Dec 1, 1992 NBD Bank Lake Zurich, National Association IL NBD Bank
Dec 1, 1992 NBD Bank Elgin, National Association IL NBD Bank
Dec 1, 1992 The First National Bank in Hysham MT Farmers State Bank of Worden
Dec 1, 1992 Norbanc Lease, Inc. PA PNC Bank, Northeast PA
Dec 1, 1992 Waldorf State Bank MN Roundbank
Dec 1, 1992 Norbanc Realty Company, Inc. PA PNC Bank, Northeast PA
Dec 1, 1992 NBD Bank Evanston, National Association IL NBD Bank
Dec 1, 1992 Citizens Bank of Live Oak FL CNB National Bank
Dec 1, 1992 NBD Winfield Bank IL NBD Bank
Dec 1, 1992 Bank of Chicago-Lakeshore IL Bank of Chicago, S.B.
Dec 1, 1992 Community Homestead Association LA Teche Federal Bank
Dec 1, 1992 First Interstate Bank of Billings Heights MT First Interstate Bank
Dec 1, 1992 Saint Georges Parish Federal Credit Union MA Westport Federal Credit Union
Nov 30, 1992 First Western Federal Savings and Loan Association OK Interbank
Nov 30, 1992 St. Stephen Bancorporation, Inc. MN Saint Stephen Bangroup, Inc.
Nov 30, 1992 Hindley Employees Credit Union RI Navigant Credit Union
Nov 30, 1992 Spokane MSC Federal Credit Union WA United Health Services Credit Union
Nov 28, 1992 Trans Financial Bank of Tennessee, Federal Savings Bank TN Trans Financial Bank of Tennessee, Federal Savings Bank
Nov 24, 1992 Medical Health Group Fcu TX America's Credit Union
Nov 22, 1992 First Western Federal Savings Association of Wenatchee WA First Western Bank, a Federal Savings Bank
Nov 21, 1992 Merchants Bancorp, Inc. PA Fidelcor, Inc.
Nov 21, 1992 Linden Rheem Employees Federal Credit Union NJ The Atlantic Federal Credit Union
Nov 21, 1992 Central Credit Union NH Granite State Credit Union
Nov 21, 1992 First American Savings, F.A. PA Provident National Bank
Nov 21, 1992 SafraBank National Association FL Republic Bank for Savings, N.A.
Nov 21, 1992 Hancock Federal Savings and Loan Association IL First Community Bank
Nov 21, 1992 Brandywine Savings and Loan Association PA Provident National Bank
Nov 19, 1992 River Oaks Bank TX Compass Bank
Nov 18, 1992 WRB Bancshares, Inc. OK INTRUST Financial Corporation
Nov 17, 1992 AT&M Corp Employees Credit Union NY Erie County Employees Credit Union
Nov 16, 1992 Jasand, Inc. IA Hawkeye Bancorporation
Nov 16, 1992 The Bank of Massachusetts, Inc. d/b/a/ Century Bank/Suffolk MA Century Bank and Trust Company
Nov 16, 1992 Century North Shore Bank and Trust Company MA Century Bank and Trust Company
Nov 16, 1992 Valley First National Bank of Beaver Dam WI Valley Bank, South Central (National Association)
Nov 16, 1992 Bigelow Sandford Employees Federal Credit Union SC Southern Select Community Cu
Nov 16, 1992 Cole Taylor Bank/Yorktown IL Cole Taylor Bank
Nov 16, 1992 Community Bank & Trust N.A. of Randolph County WV Community Bank and Trust of Randolph County
Nov 14, 1992 Louisville Public Library Credit Union KY Transcend Credit Union
Nov 13, 1992 First Fidelity Bank, National Association, North Jersey NJ First Fidelity Bank, National Association, New Jersey
Nov 13, 1992 Edmonds National Bank WA Frontier Bank
Nov 11, 1992 Dakota First Trust Company ND First Trust Company of North Dakota N.A.
Nov 10, 1992 American Bank MO (unnamed)

The list holds 500 of the 1,066 mergers recorded for 1992.

Enforcement Actions in 1992

Action date Agency Institution Action
Jun 18, 1992 FRB FNB Rochester Corp. Cease and Desist Order: FNB Rochester Corporation, Rochester, NY
Jun 17, 1992 OCC_OTS (individual) Civil Money Penalty: Don Henderson
Jun 17, 1992 FRB Bank of Forest Written Agreement: Bank of Forest, Forest, MS
Jun 17, 1992 FRB Cuyamaca Bank Written Agreement: Cuyamaca Bank, Santee, CA
Jun 17, 1992 OCC Ken-Caryl National Bank Formal Agreement: Ken-Caryl National Bank
Jun 17, 1992 OCC_OTS First Federal Savings Bank Orders of Removal/Prohibition: Mariano J. Mier
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: James III Gemmell
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Joseph H. Lang
Jun 16, 1992 OCC (individual) Formal Agreement: Lincoln National Bank and Trust Company of Fort Wayne
Jun 16, 1992 OCC Clear Creek Bank Corp. Formal Agreement: Clear Creek National Bank
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Frank J. McCormick
Jun 16, 1992 OCC_OTS (individual) Civil Money Penalty: Larry C. McNeil
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Marie V. Welsh
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: William H. III Yerkes
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: William J. Jr. Happ
Jun 16, 1992 FRB Lincoln Financial Corporation Written Agreement: Lincoln Financial Corporation, Fort Wayne, IN
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Dean Dobbins
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Catherine B. Redington
Jun 16, 1992 OCC_OTS Doylestown Federal Savings & Loan Association Civil Money Penalty: Barbara K. Dommel
Jun 12, 1992 FRB Union Texas Bancorporation, Inc. Written Agreement: Union Texas Bancorporation, Inc., Laredo, TX
Jun 12, 1992 OCC American National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): American National Bank
Jun 11, 1992 OCC_OTS First Ohio Savings Bank, F.S.B. Civil Money Penalty: Stephen P. Smith
Jun 11, 1992 OCC (individual) Formal Agreement: Signet Bank, N.A.
Jun 10, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: Jerry S. Wilson
Jun 10, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: James K. Conour
Jun 10, 1992 OCC_OTS (individual) Civil Money Penalty: Elmer G. Kraft
Jun 10, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: Edward J. Hickey
Jun 10, 1992 OCC The First National Bank of Arvada Formal Agreement: The First National Bank Of Arvada
Jun 10, 1992 FRB American Bank of Polk County Written Agreement: American Bank & Trust of Polk County, Lake Wales, FL
Jun 10, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: Richard K. Ohlinger
Jun 10, 1992 OCC_OTS Rochelle Savings and Loan Association Civil Money Penalty: Neil E. Holland
Jun 9, 1992 OCC First National Bank of Rochester Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Rochester
Jun 9, 1992 OCC The First National Bank of White Sulphur Springs Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank of White Sulphur …
Jun 9, 1992 OCC_OTS Western Federal Savings Bank Cease and Desist: Ileana G Ramirez DE
Jun 9, 1992 OCC_OTS Western Federal Savings Bank Cease and Desist: Garcia-Ramirez-Fredeswinda DE-Frontera
Jun 9, 1992 OCC_OTS Western Federal Savings Bank Cease and Desist: Frank C. Stipes
Jun 9, 1992 OCC_OTS (individual) Civil Money Penalty: Fred L., III Glaize
Jun 9, 1992 OCC_OTS Western Federal Savings Bank Cease and Desist: Miguel A. Mendez-Garcia
Jun 9, 1992 OCC_OTS (individual) Cease and Desist: James L. Bowman
Jun 8, 1992 OCC_OTS American Savings and Loan Association Civil Money Penalty: Harry Amer
Jun 8, 1992 OCC Rock Hill National Bank Civil Money Penalty (CMP): Robards, Frank B.
Jun 8, 1992 FRB First Indo-American Bank Written Agreement: First Indo-American Bank, San Francisco, CA
Jun 5, 1992 OCC American National Bank Civil Money Penalty (CMP): Gaddis, Stephen G.
Jun 5, 1992 OCC_OTS Mitchell Home Savings & Loan Association Cease and Desist: Home Trust Savings and Loan Association
Jun 5, 1992 OCC_OTS Mitchell Home Savings & Loan Association Cease and Desist: Robert E. FishBack
Jun 5, 1992 OCC_OTS Talladega Federal Savings and Loan Association Civil Money Penalty: Cyrus S., Jr. Steed
Jun 5, 1992 OCC_OTS First Savings Bank Civil Money Penalty: Wayne Leiner
Jun 4, 1992 OCC_OTS First Federal Savings Bank Orders of Removal/Prohibition: Fernando Ochoa
Jun 4, 1992 OCC_OTS Great West, a Federal Savings Bank Orders of Removal/Prohibition: Robert Kevin Kelley
Jun 3, 1992 OCC The National Bank of Washington Civil Money Penalty (CMP): Pollard, W. Thelma Elizabeth

FDIC Open-Bank Assistance in 1992

Date Institution HQ Assets
Dec 10, 1992 Citizens State Bank Princeton, TX $12.9M
Oct 16, 1992 Freedom Bank Ranger, TX $20.9M

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